The threat of a $10 billion fine against BNP Paribas is prompting speculation about a major restructuring at France’s number one bank and is straining French-U.S. relations. In an unusually terse comment President Obama on Thursday said the fine had nothing to do with his government but The Deal's Paul Whitfield reports that few in Paris believe that. Whitfield says a fine would wipe out BNP's earnings for a full year at a time when they really can't afford it. BNP is trying to raise its’ capital reserves to 7 percent to meet standards set by ratings agencies. Standard and Poor's has already indicated that if BNP fails to meet those requirements, it could lead to a downgrade.